Heritage Trust Co Sells 1,557 Shares of Exxon Mobil Co. (NYSE:XOM)

Heritage Trust Co decreased its position in shares of Exxon Mobil Co. (NYSE:XOM – Free Report) by 2.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 54,813 shares of the oil and gas company’s stock after selling 1,557 shares during the period. Heritage Trust Co’s holdings in Exxon Mobil were worth $6,011,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Stone House Investment Management LLC acquired a new stake in Exxon Mobil during the first quarter worth approximately $25,000. Dark Forest Capital Management LP bought a new position in shares of Exxon Mobil in the fourth quarter worth $27,000. Corrado Advisors LLC bought a new position in shares of Exxon Mobil in the fourth quarter worth $28,000. Koesten Hirschmann & Crabtree INC. acquired a new position in Exxon Mobil in the fourth quarter valued at about $36,000. Finally, Artemis Wealth Advisors LLC bought a new stake in Exxon Mobil during the first quarter worth about $36,000. Institutional investors and hedge funds own 58.53% of the company’s stock.

Wall Street Analyst Weigh In

XOM has been the topic of several recent analyst reports. UBS Group raised their target price on shares of Exxon Mobil from $135.00 to $139.00 and gave the company a “buy” rating in a report on Thursday, August 17th. Morgan Stanley upped their target price on Exxon Mobil from $121.00 to $124.00 and gave the stock an “overweight” rating in a research note on Friday, August 18th. Wolfe Research downgraded Exxon Mobil from an “outperform” rating to a “peer perform” rating in a report on Friday, July 7th. They noted that the move was a valuation call. StockNews.com initiated coverage on Exxon Mobil in a report on Thursday, August 17th. They set a “hold” rating for the company. Finally, Redburn Partners raised Exxon Mobil from a “sell” rating to a “neutral” rating and raised their price objective for the company from $100.00 to $105.00 in a research note on Thursday, August 31st. Eleven analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $123.43.

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Exxon Mobil Trading Up 0.2 %

Shares of NYSE:XOM traded up $0.22 during mid-day trading on Wednesday, reaching $113.75. 4,853,969 shares of the company’s stock were exchanged, compared to its average volume of 15,917,528. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.09 and a current ratio of 1.48. Exxon Mobil Co. has a twelve month low of $83.89 and a twelve month high of $119.92. The firm has a market capitalization of $455.36 billion, a price-to-earnings ratio of 9.11, a PEG ratio of 0.59 and a beta of 1.08. The business’s fifty day moving average price is $107.05 and its 200-day moving average price is $108.19.

Exxon Mobil (NYSE:XOM – Get Free Report) last announced its earnings results on Friday, July 28th. The oil and gas company reported $1.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.00 by ($0.06). Exxon Mobil had a return on equity of 25.82% and a net margin of 13.72%. The company had revenue of $82.91 billion for the quarter, compared to the consensus estimate of $81.80 billion. During the same period in the prior year, the business earned $4.14 earnings per share. The firm’s revenue for the quarter was down 28.3% on a year-over-year basis. On average, research analysts predict that Exxon Mobil Co. will post 8.94 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Wednesday, August 16th will be paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date of this dividend is Tuesday, August 15th. Exxon Mobil’s dividend payout ratio is currently 29.12%.

Insider Activity at Exxon Mobil

In other news, Director Jeffrey W. Ubben acquired 458,000 shares of the firm’s stock in a transaction dated Monday, July 31st. The stock was bought at an average cost of $106.93 per share, for a total transaction of $48,973,940.00. Following the completion of the transaction, the director now directly owns 1,635,000 shares in the company, valued at approximately $174,830,550. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Jeffrey W. Ubben acquired 458,000 shares of the stock in a transaction dated Monday, July 31st. The stock was bought at an average price of $106.93 per share, for a total transaction of $48,973,940.00. Following the purchase, the director now directly owns 1,635,000 shares of the company’s stock, valued at approximately $174,830,550. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Darrin L. Talley sold 1,500 shares of Exxon Mobil stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $115.00, for a total transaction of $172,500.00. Following the completion of the sale, the vice president now directly owns 27,772 shares of the company’s stock, valued at $3,193,780. The disclosure for this sale can be found here. 0.04% of the stock is currently owned by company insiders.

About Exxon Mobil

(Free Report)

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.